DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Chequers Financial Management LLC

Independent wealth managerSan Francisco, CaliforniaCRD 175209SEC 801-107158websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Feb 25, 2015 · 32 filings
SEC status approved since Jan 19, 2016
RAUM
$1.3B
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
99%
$1.3B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$131M
derived; firm RAUM over IAPD count
Employees
21
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$1.3B as of Mar 30, 2026
Feb 23, 2017$154M then
HNW client RAUM$1.3B as of Mar 30, 2026
Mar 1, 2018$243M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Feb 23, 20172 then
Employees (5.A)21 as of Mar 30, 2026
Feb 23, 20175 then
Private funds: no history
RAUM +25% over the last fiscal year+27% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$131MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
24derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.3MderivedHNW RAUM over HNW clients
Average account
$907,068derivedRAUM over accounts (5.F.2.f)
Discretionary
87%derivedof RAUM
Institutional
1.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
3.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
Custody
$326M, 119 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.3B99%
  • Pension and profit-sharing plans$11.7M0.9%
  • Charitable organizations$6.8M0.5%
Individual clients
0reported
HNW clients
244reported
Pension plan clients
12reported
Charitable clients
n/areported
Accounts
1,449reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$326M for 119 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Megan Elise GormanSan Francisco, CaMar 2, 201822 y1
Rodney Rodriguez La FleurSan Francisco, CaAug 26, 202410 y0
Reed William MccueSan Francisco, CaJul 7, 202511 y0
Nicole Anne TanenbaumSan Francisco, CaJul 7, 202511 y0
Patricia Ann DelgrandeCertified Financial PlannerSan Francisco, CaOct 1, 202526 y0
Edward James KearneyChartered Financial ConsultantMeridian, Id Oct 20, 202537 y1
Yukun WangSan Francisco, CaOct 20, 202510 y0
Natalie Azmi MasarwehSan Francisco, CaOct 20, 202511 y0
Jakob Kekaimalu AdamsSan Francisco, CaOct 27, 202513 y0
David Jeung OwIrvine, CaMay 26, 202627 y2
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Elise Megan Gorman · Managing Member & Chief Compliance Officercontrol
    since 11/2015 · owns 75% or more
  • Anne Nicole Tanenbaum · Membercontrol
    since 01/2021 · owns less than 5%
  • James Edward Kearney · Member
    since 01/2018 · owns 10% to 25%
  • William Reed Mccue · Member
    since 01/2025 · owns less than 5%
  • Jeung David Ow · Member
    since 01/2026 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Francisco, Ca · principal950
Offices
Schedule D 1.F, the 25 largest
  • Irvine, CA2 employees
  • Meridian, ID1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • employee count surgeChange between filings · filing Mar 30, 2026
    employees (Item 5.A) moved from 12.0 to 21.0 (+75.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +4.0% (1050 comparable advisers, 98.0th percentile of changes)
    peers: independent wealth managers, $1B to $5B (1,050) · 98% percentile
What changed
consecutive filings, newest first
  • Accounts · 1,272 to 1,449
    Mar 31, 2025 to Mar 30, 2026
  • Advisory employees · 5 to 13
    Mar 31, 2025 to Mar 30, 2026
  • Charity clients · 1.0 to unset
    Mar 31, 2025 to Mar 30, 2026
  • HNW clients · 232 to 244
    Mar 31, 2025 to Mar 30, 2026
  • Pension plan clients · 13 to 12
    Mar 31, 2025 to Mar 30, 2026
  • Employees · 12 to 21
    Mar 31, 2025 to Mar 30, 2026
  • Insurance-licensed employees · 0 to 9
    Mar 31, 2025 to Mar 30, 2026
  • Discretionary RAUM · $905M to $1.1B
    Mar 31, 2025 to Mar 30, 2026
  • HNW RAUM · $1.0B to $1.3B
    Mar 31, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $145M to $172M
    Mar 31, 2025 to Mar 30, 2026
  • Pension RAUM · $9.6M to $11.7M
    Mar 31, 2025 to Mar 30, 2026
  • RAUM · $1.1B to $1.3B
    Mar 31, 2025 to Mar 30, 2026
  • Accounts · 1,073 to 1,272
    Dec 19, 2024 to Mar 31, 2025
  • HNW clients · 204 to 232
    Dec 19, 2024 to Mar 31, 2025
  • Pension plan clients · 10 to 13
    Dec 19, 2024 to Mar 31, 2025
  • Assets in custody · $154M to $326M
    Dec 19, 2024 to Mar 31, 2025
  • Financial planning clients · 101-250 to 101-250
    Dec 19, 2024 to Mar 31, 2025
  • Discretionary RAUM · $907M to $905M
    Dec 19, 2024 to Mar 31, 2025
  • HNW RAUM · $991M to $1.0B
    Dec 19, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $100M to $145M
    Dec 19, 2024 to Mar 31, 2025
  • Pension RAUM · $9.2M to $9.6M
    Dec 19, 2024 to Mar 31, 2025
  • RAUM · $1.0B to $1.1B
    Dec 19, 2024 to Mar 31, 2025
  • Discretionary RAUM · $722M to $907M
    Mar 23, 2024 to Dec 11, 2024
  • HNW RAUM · $801M to $991M
    Mar 23, 2024 to Dec 11, 2024
  • Non-discretionary RAUM · $90.0M to $100M
    Mar 23, 2024 to Dec 11, 2024
  • Pension RAUM · $6.2M to $9.2M
    Mar 23, 2024 to Dec 11, 2024
  • RAUM · $812M to $1.0B
    Mar 23, 2024 to Dec 11, 2024
  • Accounts · 921 to 1,073
    Mar 22, 2023 to Mar 23, 2024
  • Charity clients · 0 to 1
    Mar 22, 2023 to Mar 23, 2024
  • HNW clients · 171 to 204
    Mar 22, 2023 to Mar 23, 2024
  • Pension plan clients · 0 to 10
    Mar 22, 2023 to Mar 23, 2024
  • Assets in custody · $105M to $154M
    Mar 22, 2023 to Mar 23, 2024
  • Other offices · 1 to 2
    Mar 22, 2023 to Mar 23, 2024
  • Discretionary RAUM · $532M to $722M
    Mar 22, 2023 to Mar 23, 2024
  • HNW RAUM · $643M to $801M
    Mar 22, 2023 to Mar 23, 2024
  • Non-discretionary RAUM · $111M to $90.0M
    Mar 22, 2023 to Mar 23, 2024
  • Pension RAUM · $0 to $6.2M
    Mar 22, 2023 to Mar 23, 2024
  • RAUM · $643M to $812M
    Mar 22, 2023 to Mar 23, 2024
  • Accounts · 830 to 921
    Sep 2, 2022 to Mar 22, 2023
  • HNW clients · 158 to 171
    Sep 2, 2022 to Mar 22, 2023
Signals
6 dated events
  • Chequers Financial Management Llc reported RAUM $1.3B, up 25% from $1.1B (2025-03-31 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • Daniel Huston left Chequers Financial Management Llc for Ieq Capital, Llc (registered 2025-06-20)
    Jun 10, 2025 · Advisor changed firm · fact
  • Chequers Financial Management Llc reported RAUM $812.0M, up 26% from $642.9M (2023-03-22 to 2024-03-23)
    Mar 23, 2024 · RAUM change · derived
  • Chequers Financial Management Llc reported RAUM $481.4M, up 37% from $352.0M (2021-01-12 to 2021-03-23)
    Mar 23, 2021 · RAUM change · derived
  • Anne Nicole Tanenbaum (Member) appeared on Schedule A of Chequers Financial Management Llc
    Mar 23, 2021 · Control person joined · fact
  • Chequers Financial Management Llc filed its initial SEC registration (Form ADV)
    Feb 25, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business email
info@chequersfinancial.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone
415-964-5001reportedpublished by the firm, firm site, Sep 17, 2026
Website
CHEQUERSFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
415-964-5001reportedpublic record, Form ADV, Mar 30, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$131Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026